Whittier Trust Co. Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Whittier Trust Co. grew its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,691 shares of the business services provider's stock after purchasing an additional 1,055 shares during the quarter. Whittier Trust Co.'s holdings in S&P Global were worth $31,870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SPGI. First National Corp MA ADV lifted its holdings in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock worth $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. raised its holdings in shares of S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock valued at $51,000 after acquiring an additional 20 shares in the last quarter. Trust Point Inc. lifted its stake in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock worth $725,000 after acquiring an additional 20 shares during the period. Sapient Capital LLC increased its position in S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider's stock valued at $385,000 after purchasing an additional 21 shares during the period. Finally, Chatham Capital Group Inc. raised its holdings in shares of S&P Global by 0.5% in the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider's stock valued at $2,007,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SPGI shares. Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price for the company. Stifel Nicolaus boosted their price target on S&P Global from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $565.17.

Insider Buying and Selling at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company's stock, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Edouard Tavernier sold 500 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $1.61 on Monday, hitting $523.19. 808,102 shares of the company were exchanged, compared to its average volume of 1,197,178. The firm has a market capitalization of $163.71 billion, a P/E ratio of 58.65, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The stock's 50 day moving average price is $512.98 and its 200 day moving average price is $469.15.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.12 EPS. Sell-side analysts predict that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global's dividend payout ratio is presently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.